Samarco to sound out bondholders for debt plan, sources say
By Guillermo Parra-Bernal and Ana Mano
SAO PAULO Aug 24 (Reuters) - Samarco Mineração SA, the Brazilian iron ore joint venture that stopped operations after a dam burst last year, plans to seek bondholder consent to change terms on $2.2 billion of securities or pursue an exchange offer, two people with knowledge of the situation said on Wednesday.
According to one of the people, Samarco is looking for a so-called solicitation agent to help contact and sound out bondholders on potential alternatives. The three people said the agent could be New York-based consultancy firm DF King & Co Inc. (With additional reporting by Tatiana Bautzer in São Paulo)
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